Singapore: Lawn Mower Market 2024

Lawn Mower Market Size in Singapore

In 2022, the Singaporean lawn mower market increased by 1.2% to $X for the first time since 2017, thus ending a four-year declining trend. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Lawn mower consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Lawn Mower Production in Singapore

In value terms, lawn mower production totaled $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.1% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 23%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Lawn Mower Exports

Exports from Singapore

In 2022, the amount of mowers for lawns, parks, golf courses or sports grounds exported from Singapore dropped to X units, waning by -9% compared with the previous year's figure. Over the period under review, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 334% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lawn mower exports shrank to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 352%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for lawn mower exports from Singapore, with a 48% share of total exports. Moreover, lawn mower exports to Indonesia exceeded the volume sent to the second major destination, Australia (X units), fourfold. The third position in this ranking was taken by Thailand (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+16.9% per year) and Thailand (+4.4% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for mowers for lawns, parks, golf courses or sports grounds exports from Singapore, comprising 45% of total exports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+18.6% per year) and Malaysia (-14.8% per year).

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, growing by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2015 an increase of 19%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Singapore

In 2022, supplies from abroad of mowers for lawns, parks, golf courses or sports grounds increased by 17% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, lawn mower imports rose rapidly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest lawn mower supplier to Singapore, accounting for a 47% share of total imports. Moreover, lawn mower imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Germany (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.8% per year) and Germany (+33.5% per year).

In value terms, the United States ($X) constituted the largest supplier of mowers for lawns, parks, golf courses or sports grounds to Singapore, comprising 47% of total imports. The second position in the ranking was taken by Japan ($X), with an 18% share of total imports. It was followed by Germany, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.1% per year) and Germany (+36.1% per year).

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, reducing by -9.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Japan ($X per unit), while the price for the Czech Republic ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform